Independent Bank
| Weiss Ratings |
Independent Bank
Grand Rapids, MI |
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| Rating | ||||
| Asset Quality Index | 7.40 | |||
| Capitalization Index | 7.70 | |||
| Liquidity Index | 2.90 | |||
| Profitability Index | 6.20 | |||
| Stability Index | 8.90 | |||
| Company Info |
Independent Bank
Grand Rapids, MI |
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| FDIC Number | 27811 | |||
| Phone Number | (616) 363-1207 | |||
| Website | www.independentbank.com | |||
| Asset Quality |
Independent Bank
Grand Rapids, MI |
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| 1-Year Asset Growth | 1.31% | |||
| 5-Year Asset Growth | 9.90% | |||
| 5-Year Charge-Offs to Average Loans | 0.01% | |||
| Charge-Offs to Average Loans | 0.02% | |||
| Non-Performing Assets to Assets | 0.14% | |||
| Non-Performing Loans to Capital | 1.08% | |||
| Non-Performing Loans to Loans | 0.20% | |||
| Balance Sheet |
Independent Bank
Grand Rapids, MI |
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| Total Assets | 5.33B | |||
| Total Deposits | 4.72B | |||
| Capital and Reserves |
Independent Bank
Grand Rapids, MI |
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| Capital | 478.19M | |||
| Leverage Ratio | 9.58 | |||
| Loan Loss Reserves to Loans | 1.47% | |||
| Risk-Based Capital Ratio | 12.99 | |||
| Liquidity |
Independent Bank
Grand Rapids, MI |
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| Hot Money Ratio | 11.23% | |||
| Liquidity Ratio | 20.72% | |||
| Profitability |
Independent Bank
Grand Rapids, MI |
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| 5-Year Return on Average Assets | 1.38% | |||
| Net Income | 70.58M | |||
| Net Interest Spread | 3.42% | |||
| Operating Profit to Average Assets | 1.65% | |||
| Overhead Efficiency Ratio | 60.08% | |||
| Return on Assets | 1.32% | |||
| Return on Equity | 15.44% | |||